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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UBS is set to fully acquire its China securities joint venture, UBS Securities, as Beijing State-owned Asset Management plans to sell its 33% stake for 1.5 billion yuan ($207.10 million). UBS currently holds a 67% stake and aims to consolidate operations following its merger with Credit Suisse. Established in 2006, UBS Securities became the first foreign majority-owned securities firm in China in 2018.
Beijing State-owned Asset Management (BSAM) is set to sell a 33% stake in UBS Securities for 1.5 billion yuan ($207.10 million), according to the China Beijing Equity Exchange. UBS Securities, established in 2006, became the first foreign majority-owned securities firm in China in 2018, with UBS currently holding a 67% stake.
Beijing State-owned Asset Management (BSAM) is set to sell a 33% stake in UBS Securities for 1.5 billion yuan ($207.10 million), as reported by the China Beijing Equity Exchange. UBS currently holds a 67% stake in the firm, which became the first foreign majority-owned securities company in China in 2018.
Yukun Zhang
People
04:33 26.11.2024
13:58 25.11.2024
13:58 25.11.2024
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